The Bank for Foreign Trade of Viet Nam (Vietcombank) has been voted the country’s best treasury and cash management bank. — VNS Photo

The Bank for Foreign Trade of Viet Nam (Vietcombank) has been voted the country’s best treasury and cash management bank.

Global Finance, one of the leading international magazines in the financial sector, released its 17th annual Best Treasury and Cash Management Banks and Providers list by category, region and country.

Vietcombank has also been listed among the world’s 55 best banks and providers 2017.

It surpassed local banks in providing the best service to customers, a Global Finance representative said.

The magazine selected an overall global winner as well as global winners in seven key sectors. In every region, the best banks were selected across five categories: cash management, payments and collections, liquidity, working capital optimisation and short-term investments/money market funds.

Input from specialists in the sector, businesses, high-ranking banking leaders and Global Finance’s team of experts was used to draw up the rankings.

Vietcombank aims to become the No. 1 bank in the country and among the 300 largest banks in the world by 2020. To achieve that, it has implemented many projects to improve its management capacity and meet international standards. — VNS